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GREEN DOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED)
69
Note 5—Loans to Bank Customers (continued)
When, for economic or legal reasons related to a borrower’s financial difficulties, we grant a concession for other
than an insignificant period of time to a borrower that we would not otherwise consider, the related loan is classified
as a Troubled Debt Restructuring (TDR). The following table presents key information regarding loans that we modified
in TDRs during the year ended December 31, 2012. Our TDR modifications related to extensions of the maturity dates
at a stated interest rate lower than the current market rate for new debt with similar risk:
December 31, 2012
Unpaid Principal
Balance Carrying Value
(In thousands)
Real estate $ 194 $ 96
Commercial 280 136
Installment 403 173
Allowance for Loan Losses
Activity in the allowance for loan losses consisted of the following:
Year Ended December 31,
2012 2011
(In thousands)
Allowance for loan losses, beginning of period $ — $—
Provision for loans 698 —
Loans charged off (223)—
Allowance for loan losses, end of period $475 $—
The following table disaggregates our allowance for credit losses and recorded investment in loans by impairment
methodology:
December 31, 2012
Collectively evaluated for impairment (In thousands)
Allowance for loan losses $ 243
Carrying value, gross of allowance 7,140
Impaired loans and troubled debt restructurings1
Allowance for loan losses $ 150
Carrying value, gross of allowance 537
Purchased credit-impaired loans
Allowance for loan losses $ 82
Carrying value, gross of allowance 350
Total
Allowance for loan losses $ 475
Carrying value, gross of allowance 8,027
1 Represents loans individually evaluated for impairment